Recording System

Question 1

Bona Fide Purchaser for Value

Answer 1

Buyers property for value (substantial pecuniary consideration) without notice

Question 2

Race Notice

Answer 2

Any conveyance of an interest in land, without notice therefore WHOSE CONVEYANCE IS FIRST RECORDED.

MUST RECORD FIRST TO WIN

Question 3

Notice Statute

Answer 3

Conveyance of interest, subsequent purchaser for value, without notice, unless the conveyance is recorded.

Question 4

Shelter Rule

Answer 4

A transferee “takes shelter” in the statute of her transferor, and thereby steps into the shoes of the BFP even though she otherwise fails to meet the requirement of BFP

Question 5

Wild Deed

Answer 5

If a deed, entered on the records has a grantor unconnected to the chain of title, the deed is a wild deed.

It is incapable of giving record notice of its existence

O to A, A doesn’t record, A to B, B records

Question 6

Estoppel By Deed

Answer 6

One who conveys property which he has no interest, is estopped from denying the validity of that conveyance IF HE LATER ACQUIRES that previously transferred property.

Person who acquired property from someone who did not have interest in that property, will only have interest in that property until a BFP